Outdoor Holding Company
POWW Industrials Aerospace & Defense
In the quarter to June 2026, revenue grew 22.1%, EPS grew 133.3%, free cash flow fell 89.4% and total debt fell 55.6%, each against the same quarter a year earlier.
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Outdoor Holding Company (POWW) Altman Z-score
Outdoor Holding Company's Altman Z-score for fiscal 2026 is 3.63, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 3.63 | 3.75 |
| FY2025 | −0.12 | (4.60) |
| FY2024 | 4.47 | 0.63 |
| FY2023 | 3.85 | (5.31) |
| FY2022 | 9.15 | (1.93) |
| FY2021 | 11.09 | 10.65 |
| FY2020 | 0.44 | (3.13) |
| FY2019 | 3.58 | (58.60) |
| FY2018 | 62.18 | 51.03 |
| FY2017 | 11.15 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.23 | — | 0.27 | |
| Retained earnings / total assets | (0.79) | — | −1.10 | |
| EBIT / total assets | (0.02) | — | −0.08 | |
| Market value of equity / total liabilities | 7.24 | — | 4.34 | |
| Sales / total assets | 0.19 | — | 0.19 | |
| Altman Z-score | Safe zone | 3.63 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.36 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| TATT TAT Technologies Ltd. compare | 8.4× |
| IA Innovative Solutions and Support, Inc. compare | 5.6× |
| POWW Outdoor Holding Company | 3.6× |
| AIRO AIRO Group Holdings, Inc. compare | 3.1× |
| EH EHang Holdings Limited Unsponsored ADR compare | 3.0× |
| SIF SIFCO Industries, Inc. compare | 2.4× |
| SIDU Sidus Space, Inc. compare | 0.4× |
| SPCE Virgin Galactic Holdings, Inc. compare | −5.5× |
| MRLN Merlin Inc compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets